A collection of U.S. sugar growers on Thursday told the U.S. Department of Commerce that a pair of companies looking to undo a high-profile settlement agreement over Mexican sugar imports cannot restart the settled cases, because they were not parties to the initial probes.
A former top executive at electronics retailer TigerDirect Inc. who took in $10 million in a kickback scheme with overseas suppliers asked a Florida district court on Wednesday to consider that the possible 20-year sentence he faces would essentially mean life in prison.
The principle of international comity, in which nations respect foreign laws as they apply to foreign conduct, was in the spotlight Thursday before the Second Circuit as two Chinese companies pushed to nullify a $153 million award against them that stemmed from a Brooklyn, New York antitrust class action over vitamin C price-fixing.
The Federal Circuit on Thursday affirmed U.S. Department of Commerce findings that slapped import duties on oil drilling pipes, turning away an importer's assertions that the agency bungled the scope of the probe and its selection of surrogate country data to simulate the home market price of the goods.
The Senate Energy and Natural Resources Committee heard testimony Thursday on a bill streamlining liquefied natural gas export permits to countries without free trade agreements with the U.S., with industry groups split over concerns about potential spikes in domestic prices.
The U.S. Securities and Exchange Commission has dropped its investigation of Cobalt International Energy Inc. over the alleged bribery of foreign officials in Angola in violation of the Foreign Corrupt Practices Act, the company said Wednesday.
A coalition of U.S. business groups on Wednesday took a firm stand against Chinese cybersecurity rules requiring foreign technology companies to hand over highly sensitive source codes to their banking sector clients, blasting the measures as an “intrusive” obstacle to innovation and competition.
The Second Circuit is set to hear two Chinese vitamin C companies' bid to overturn a $153 million price-fixing verdict Thursday in an unusual dispute that will put the Chinese government's alleged role in an export cartel front and center.
A consortium of prominent consumer advocacy groups on Wednesday endorsed a proposal floated by European Union lawmakers that would shield privacy rules from any effort to streamline the flow of data in the ongoing Transatlantic Trade and Investment Partnership negotiations with the U.S.
The U.S. Department of Commerce has said it will not hit importers of Mexican sugar with duties while the U.S. International Trade Commission reviews a challenge to a pair of trade settlements between the U.S. and Mexico that ended a trade dispute over imported sugar.
The U.S. House of Representatives passed a bipartisan bill Wednesday intended to streamline regulatory approvals for exports of liquefied natural gas to countries without a free trade agreement with the U.S.
The European Union's top trade official on Tuesday continued to stump for the removal of numerous Chinese investment barriers, including the forced transfer of technology and intellectual property, which will be critical as the two sides' talks for a bilateral investment pact move into a more serious phase.
Two U.S. senators on Tuesday leaned on the White House to eliminate South Africa's anti-dumping duties on U.S. poultry imports, raising the specter of a challenge at the World Trade Organization and the possible removal of the country's preferential status under the African Growth and Opportunity Act.
Bank of New York Mellon Corp. has revealed that it may face bribery charges over internships it allegedly gave to relatives of sovereign wealth fund officials, following an investigation by the U.S. Securities and Exchange Commission.
A California federal judge on Tuesday denied Nordstrom Inc. and luxury denim manufacturer AG Adriano Goldschmied Inc.'s bid for interlocutory review of an October ruling in a proposed class action accusing them of falsely marketing jeans as "made in the USA."
U.S. pork producers on Monday threw their weight behind the Trade Promotion Authority, which would give the White House a way to fast-track trade deals, and strongly urged Congress to approve it, following the lead of other industry groups and the U.S. Chamber of Commerce.
A California federal judge on Monday paused a proposed shareholder class action against aerospace technology company Valley Forge Composite Technologies Inc., providing breathing room for a co-founder to fight charges stemming from allegedly illegal microcircuit sales to Hong Kong and China and participate in the company's bankruptcy proceedings.
A Louisiana federal judge Monday refused for the second time to toss a whistleblower’s claims that U.S. Army Corps of Engineers contractor Masonry Solutions International Inc. passed off foreign materials as domestic in order to inflate prices in violation of the False Clams Act and Buy American Act, saying the claims were sufficiently pled.
Wiley Rein LLP's diverse skill set within the international trade arena was on full display last year as the firm delivered crucial import relief for producers of solar panels and hot-rolled steel while also shepherding clients through an increasingly complex web of economic sanctions, securing a fifth straight nod as one of Law360's Practice Groups of the Year.
Lands' End Inc. on Monday moved to end a proposed class action in California accusing the clothing retailer of inflating prices on its clothes by labeling foreign-made apparel as produced in the U.S., arguing that the plaintiff can't show she paid more than she would have because she thought the clothes were made domestically.
European Union sanctions on Russia are relatively specific — at least where they relate to the access restrictions to EU capital markets and the Russian energy sector. This means businesses have to consider very carefully whether their commercial operations, or specific transactions, are caught by these prohibitions, say Tobias Caspary and Till Vere-Hodge of Fried Frank Harris Shriver & Jacobson LLP.
The U.S. Department of Justice's recent civil action against Honduran government official Mario Roberto Zelaya Rojas serves as a reminder to corporations and individuals abroad how easily even wholly foreign criminal conduct may come within the reach of U.S. law enforcement authorities, say Kathleen Hamann and David Courchaine of White & Case LLP.
The scrutiny surrounding Foreign Corrupt Practices Act compliance is about to become even sharper with a recent report that the FBI will triple the number of agents dedicated to investigating potential violations. The increased manpower, coupled with the U.S. Securities and Exchange Commission’s continued investment in data analytics tools, sends a strong message, say members of StoneTurn Group LLP.
We trust our law firms with huge amounts of data, whether in or out of discovery, investigations or litigation. All too often, we have relied on privilege, confidentiality and attorney ethics as a proxy for data protection and information security. But in fact, law firms ought to be held to a much more stringent standard — and in-house counsel would be wise to begin with a number of specific inquiries, says legal industry consultan... (continued)
After a relatively quiet third quarter in which there was only one corporate settlement of a Foreign Corrupt Practices Act enforcement action, 2014 ended with a flurry of activity, including the largest criminal penalty ever levied under the FCPA. Resolutions in the second half of the year highlight the value the agencies place on timely self-disclosure, full cooperation and remediation, say attorneys with Mayer Brown LLP.
U.S. Customs and Border Protection's first “AD/CVD Update” and other recent actions demonstrate that CBP is focused on stopping the evasion of anti-dumping and countervailing duty orders and collecting outstanding AD/CVD debts, says Lee Smith of King and Spalding LLP.
The first set of formal changes to implement the president’s Cuba announcement are modest in scope. Most importantly, the amendments to the Cuban Assets Control Regulations do not remove the general embargo against trade with Cuba. Nor do they open the door further to travel to Cuba for U.S. businesses or tourists, say Hamilton Loeb and Devon Winkles of Paul Hastings LLP.
The Foreign Trade Antitrust Improvements Act has confounded practitioners and courts alike for years. This past year brought long-anticipated decisions from the Second, Seventh and Ninth Circuits regarding four important issues, say attorneys with Orrick Herrington & Sutcliffe LLP.
Although laws addressing nuclear risk in both Japan and the U.S. provide for liability channeling and consolidation of claims in the court where a nuclear incident occurs, the ruling in Cooper v. Tokyo Electric Power Company leaves open the possibility that the lawsuit could be tried outside the country under state common law instead of nuclear liability law, say Lynn McKay and Scott Greer of King & Spalding LLP.
Due to costly settlements secured by U.S. regulatory agencies, increasingly banks, insurers and corporations are inserting rigorous Office of Foreign Assets Control sanctions compliance language into their credit agreements, insurance policies, and corporate acquisition agreements, say Margaret Gatti and Louis Rothberg of Morgan Lewis & Bockius LLP.